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blame the stalled negotiations over the fiscal cliff which grew more heated with political leaders on both sides ramping up the rhetoric but president obama and house speaker john boehner are going to meet at white house in just a few minutes. >>> late today the president accepted united nations ambassador susan rice's decision to remove her name from consideration for secretary of state. >>> fox news reports that senator john kerry is being talked up in the administration as likely nominee pour that position. >>> home repossessions hit a nine-month high in november even as foreclosure filings fell to the lowest level in six years. courting to realtytrac number of homes in the process fell to the lowest level in six years. that is the latest from fox business network, giving you the power to prosper david: well the "wall street journal" poll of economists found a majority of those polled oppose the fed's continuation of money printing and bonn buying like was announced yesterday. one of the most influential of these voices, john silvia, managing director and chief economist for wells
blame the stalled negotiations over the fiscal cliff which grew more heated with political leaders on both sides ramping up the rhetoric but president obama and house speaker john boehner are going to meet at white house in just a few minutes. >>> late today the president accepted united nations ambassador susan rice's decision to remove her name from consideration for secretary of state. >>> fox news reports that senator john kerry is being talked up in the administration as...
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cliff. john boehner says there's been no real progress in the negotiations between the white house and lawmakers on capitol hill. now he's accusing president obama of dragging his feet as the deadline looms. is more of the same in store for the week ahead? joining us, managing edit for of the hill. >> good morning. >> we talk about this happening and going over the cliff. speaker boehner accuses the white house of dragging its feet. >> president obama offered a proposal, republicans didn't like that plan. now the g.o.p. has countered. so the ball is in the white house's court and that's what republicans are basically waiting for. but i don't see -- i don't think you'll see real progress over the next week. we are about two weeks away from christmas. three weeks until we hit the deadline and they're nowhere. what speaker boehner said correct. there's been no progress and there will be nor jockeying and leverage the next week. >> i want to point out in the president's weekly address that was i
cliff. john boehner says there's been no real progress in the negotiations between the white house and lawmakers on capitol hill. now he's accusing president obama of dragging his feet as the deadline looms. is more of the same in store for the week ahead? joining us, managing edit for of the hill. >> good morning. >> we talk about this happening and going over the cliff. speaker boehner accuses the white house of dragging its feet. >> president obama offered a proposal,...
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falls off the fiscal cliff, speaker john bain ser slamming the brakes on any hopes a deal is coming soon, making it clear both sides have differences. second in command, eric cantor warning members not to make any plan for holidays, and kevin brady of texas, vice chairman of joint economic committee, thank you, are we still that far apart? >> you know we are. i started optimistic to get this done before the holidays, but, i don't feel that way, it seems to me the decision has been made, perhaps by white house to take us off this fiscal cliff. i think this is irresponsible to do it we're ready to work out a reasonable sound solution but i do not see that coming from the other side right now. tracy: is it because there is so much going on behind scenes. they think there is a lot of secret wheeling and dealing with john boehner and the president do you agree? >> i do not, i think he -- they have been sporadic talks, i know speaker boehner has been frustrated with how slow the responses have been. again, you know, not just tax rates it is authentic spending cuts, if we don't find a way to fa
falls off the fiscal cliff, speaker john bain ser slamming the brakes on any hopes a deal is coming soon, making it clear both sides have differences. second in command, eric cantor warning members not to make any plan for holidays, and kevin brady of texas, vice chairman of joint economic committee, thank you, are we still that far apart? >> you know we are. i started optimistic to get this done before the holidays, but, i don't feel that way, it seems to me the decision has been made,...
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no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry forhe report. >> trying to lay blame for stalled buet talks on republicans, president obama today wrateted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cff warning business executives, the economy could take another hit if republicans cide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform t
no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we...
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ready to handle a fall off the face fiscal cliff? joining us, david, great to have you with us. >> thank you. >> hold on, thelma. hold on louise. can will markets handle it? >> i think we can handle it. it seems to me that washington has a way of doing business and washington will continue to change the way -- or continue to do business the way they have always done it. where is us and wall street, we have to change the way we do business. >> so you don't see a big crash in markets as a fall off the cliff. >> no. i see opportunities for people who are less patient. no, i see it all going down. >> where are your clients moving their money? what are you advising them to do, whether we get a deal or not? are there two completely different strategies? >> there is various things on a similar attitude. big is not always good. i think what we are doing is consolidating and moving towards a smaller environment. i think we have smaller investors who can deliver returns. >> what do you mean by that? types of funtds they are investing in. >> th
ready to handle a fall off the face fiscal cliff? joining us, david, great to have you with us. >> thank you. >> hold on, thelma. hold on louise. can will markets handle it? >> i think we can handle it. it seems to me that washington has a way of doing business and washington will continue to change the way -- or continue to do business the way they have always done it. where is us and wall street, we have to change the way we do business. >> so you don't see a big crash...
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energy xx1 chairman john shiller weighs in on that, the fiscal cliff and oil prices. that is all next. ashley: first look how the u.s. dollar is moving today. it is well, look at this. it is higher against all these currencies that are down against the u.s. dollar. although the euro essentially flat on the day. we'll be right back. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >> 20 minutes past the hour right now. hi, everyone, i'm jamie colby. this is your fox news minute. acting director of central intelligence mike morrell is testifying behind closed doors toda
energy xx1 chairman john shiller weighs in on that, the fiscal cliff and oil prices. that is all next. ashley: first look how the u.s. dollar is moving today. it is well, look at this. it is higher against all these currencies that are down against the u.s. dollar. although the euro essentially flat on the day. we'll be right back. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block...
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melissa: for more on the fiscal cliff, let's bring in congressman john carney from capitol hill. i am sure you heard the conversation before you. how close are we getting to solving this problem? >> it was a good characterization of where we are and the analogy with the peanuts characters in some ways appropriate. this is what you can expect with both sides talking about what they want, what they are willing to do and opening positions and moving a little more deliberately or slowly, frankly, to an agreement. melissa: is that movement going on? from the sidelines it looks like everyone sticking to their guns, we are not getting closer to resolution. meanwhile the clock is ticking. >> tremendous movement if you consider the difference from two or three months ago to where we are today where the republican side has considerable revenue on the table. the issue is the increase in rates versus tax reform which is an important item and on the other side, concern about specificity with respect to spending cuts and both need to happen. a number of members are interested in seeing an agre
melissa: for more on the fiscal cliff, let's bring in congressman john carney from capitol hill. i am sure you heard the conversation before you. how close are we getting to solving this problem? >> it was a good characterization of where we are and the analogy with the peanuts characters in some ways appropriate. this is what you can expect with both sides talking about what they want, what they are willing to do and opening positions and moving a little more deliberately or slowly,...
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. >>> americans want action when it comes to the fiscal cliff. john, you'll give us some of the highlights, but with what we've told them about what will happen if we go over, i guess we shouldn't be too shocked that they don't want to go over. we've basically said there could be a recession, there could be millions of job losses and everything else. so i guess we probably shouldn't be surprised by that. >> no, we shouldn't. they've gotten the message. they've absorbed it. we've asked in the survey how serious a problem is the fiscal cliff? and you get 68% of the people saying it's a very serious problem, which tells you something when you're talking about something abstract like tax and budget politics which people don't ordinarily pay attention to. they've gotten it. but what we're seeing in this poll, joe, is the after glow of the election. typically when presidents get re-elected, the partisan fighting stops. their numbers rise. the president's approval rating 53%. when you ask, who do you trust to handle the fiscal cliff, it shows how the pr
. >>> americans want action when it comes to the fiscal cliff. john, you'll give us some of the highlights, but with what we've told them about what will happen if we go over, i guess we shouldn't be too shocked that they don't want to go over. we've basically said there could be a recession, there could be millions of job losses and everything else. so i guess we probably shouldn't be surprised by that. >> no, we shouldn't. they've gotten the message. they've absorbed it. we've...
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then ben bernanke talked about the fiscal cliff that ended that rally, stocks coming off their highs, index, swung 102 points over second, and s&p finished where it began, nascar -- nazdaq down over 8 points, and trading on big board, busiest in the week, walmart a big mover, dropping retailer part of an overall weak group, best answer, profit taking with the sell-off walmart up, 18 -- almost 19ers in on the year, 10 year, yield rising to 1.69%, and crude market, up, joining me now, wells fargo chief economist, john silviia, 6.5% is target for fed chairman and the fed, that is the unemployment rate they want to hit, i have never heard of the fed doing this before. have you? >> no, this is -- there is a danger for fed being so specific. in a particular number, what we've seen, in the last two years, is that the unemployment rate has dropped, for whatever reason, by a 1% each year, that means 7. searc 7 we could be 6.n one year, is that is far ahead of between 15 -- the 2015 in the marketplace. lou: terrible thing about that is and would be, it would be the result of more people leaving
then ben bernanke talked about the fiscal cliff that ended that rally, stocks coming off their highs, index, swung 102 points over second, and s&p finished where it began, nascar -- nazdaq down over 8 points, and trading on big board, busiest in the week, walmart a big mover, dropping retailer part of an overall weak group, best answer, profit taking with the sell-off walmart up, 18 -- almost 19ers in on the year, 10 year, yield rising to 1.69%, and crude market, up, joining me now, wells...
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. >> the guess call cliff is less -- the fiscal cliff is less than a month away. >> house speaker john boehner and -- may be willing to take the plunge. doug luzader has more. >> the white house is drawing one line in the sand after another. republicans will give in as we approach the end of the year. >> we can solve this in about a week. it's not that tough. >> the president speaking to business leaders in washington. saying he is willing to make a deal. but his point man on fiscal cliff negotiation struck a much different tone. if republicans don't but specifically tax rates on upper earners the white house is ready to go right over the cliff. >> we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2%. >> largely backs the president on those rates. 48% support the plan to raise them on upper earners compared to 32% of leaving rates unchanged. when it comes to government spending, the gop has the edge. to help balance the budget, spending cuts should take precedence over tax hikes, 46 to 30%. and leaders in congress who met with business lead
. >> the guess call cliff is less -- the fiscal cliff is less than a month away. >> house speaker john boehner and -- may be willing to take the plunge. doug luzader has more. >> the white house is drawing one line in the sand after another. republicans will give in as we approach the end of the year. >> we can solve this in about a week. it's not that tough. >> the president speaking to business leaders in washington. saying he is willing to make a deal. but his...
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that is how john boehner described the fiscal cliff negotiations. it is not painful until the very end of the year. how this benefits the company. adam: the note dropped 7.7%, the lowest rate since december 2008. that is just a headline. let's get to nicole petallides. the traders are reading a bit into this report. nicole: the first thing they noted when i came in here, a lot of them are talking about the fact that the prior month had been revised lower. the prior month which seemed like they were good news, in fact, were not as good as they seemed. they take these numbers with a grain of salt. the dow, nasdaq and s&p are mixed today. the dow is up about one third of 1%. what is interesting, this will be our third wedding week in a row. they have not been dramatic moves, but last week was pretty slots. jpmorgan and bank of america are some names on the dow that are holding on pretty nicely. the tech heavy nasdaq down one half of 1%. adam: a lot of people watching that jobs number. thank you very much. dennis: according to today's jobs report, the u
that is how john boehner described the fiscal cliff negotiations. it is not painful until the very end of the year. how this benefits the company. adam: the note dropped 7.7%, the lowest rate since december 2008. that is just a headline. let's get to nicole petallides. the traders are reading a bit into this report. nicole: the first thing they noted when i came in here, a lot of them are talking about the fact that the prior month had been revised lower. the prior month which seemed like they...
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economy falls off the so-called fiscal cliff, house speaker john boehner says he and the president are still not close to reaching any kind of a deal. >> the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out today after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin o solve our debt crisis. it actually increases spending. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> gretchen: so with both sides still hung up over tax hikes and spending cuts, can they come it a consensus in time to avert going off the cliff? let's ask texas congressman jeb hensarling who joins me live this morning. good morning to you. >> good morning. how are you? >> gretchen: doing just fine, thank you so much. it's interesting because it appears from john boehner that the president isn't budging on the spending cuts. yet i want to point you in the direc
economy falls off the so-called fiscal cliff, house speaker john boehner says he and the president are still not close to reaching any kind of a deal. >> the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out today after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin o solve our debt crisis. it actually increases spending. the longer...
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speaker of the house john boehner will give a statement on the fiscal cliff in about 10, 15 minutes. we'll bring you those comments live. >>> plus, shares of best buy are getting a big boost today on a report the founder will take the company private by the end of the week or at least make an offer to. we've got the man who broke the story joining us live with all the details. >>> facebook was obviously the big ipo of 2012. what will the big names be next year? twitter? hilton? dennis berman tells us what you should watt out for in 2013. >>> first the fed announcing a new round of stimulus and policy changes but the markets don't seem to care much. steve liesman is here with more insight on all the fed's moves. steve. >> thanks. one thing i think we can say for sure, chairman bernanke has to be surprised at what's effectively been a hawkish reaction to the massive policy changes he put in place yesterday. those policy changes include an announcement that the fed would boost its monthly purchase of assets to $85 billion. that would be a trillion dollars in a year, and also link intere
speaker of the house john boehner will give a statement on the fiscal cliff in about 10, 15 minutes. we'll bring you those comments live. >>> plus, shares of best buy are getting a big boost today on a report the founder will take the company private by the end of the week or at least make an offer to. we've got the man who broke the story joining us live with all the details. >>> facebook was obviously the big ipo of 2012. what will the big names be next year? twitter?...
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where exactly do we stand in these fiscal cliff negotiations in the latest now from our john harwood, on your stomping ground. good to see you both. what do you make of this comment from harry redd, john, saying it's unlikely we get a deal by christmas? are they posturing? they don't want to put their spending cuts on the table but want the republicans to. is this posturing? >> i think it's posturing. jay carney gave a white house briefing saying i'm not going to reveal anything about the status of the talks in negotiation beyond the fact that they took place. the support trying to hammer republicans publicly. he's got the high side public opinion on this. traveled to michigan yesterday. john boehner went on the floor and said i need to see their spending cuts. that's what's going on in the public level. privately staff are working together and the fundamentals remain in place for a deal. don't know if it's before or after christmas or before new years or just after it, but i believe will happen. >> all the vacations are planned, right? >> we've reached one of the weirdest days becaus
where exactly do we stand in these fiscal cliff negotiations in the latest now from our john harwood, on your stomping ground. good to see you both. what do you make of this comment from harry redd, john, saying it's unlikely we get a deal by christmas? are they posturing? they don't want to put their spending cuts on the table but want the republicans to. is this posturing? >> i think it's posturing. jay carney gave a white house briefing saying i'm not going to reveal anything about the...
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. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much be
. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible...
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fiscal cliff. >> gone too soon. a mexican-american singing superstar killed as a small plane plunges into a mountain range. >> just devastated for them. i'm really feeling for them. >> raw and emotional. two radio hosts talk about the family of the nurse who took her own life after getting duped by their prank call. >>> good morning, to you. welcome to "early start." welcome back, mr. berman. >> it is great to be here. i was on vacation for a week. now i'm back. i'm john berman. it is 5:00 a.m. in the east. i am feeling that. but this, they are talking for the first time in over three weeks. president obama and house speaker john boehner looked each other in the eye and actually had a conversation. now that's a really big deal when it comes to the fiscal cliff crisis. because in just 22 days americans face severe tax hikes and spending cuts unless these two leaders can find a way to compromise. now neither side would discuss specifics about their conversation. but after yesterday's white house meet
fiscal cliff. >> gone too soon. a mexican-american singing superstar killed as a small plane plunges into a mountain range. >> just devastated for them. i'm really feeling for them. >> raw and emotional. two radio hosts talk about the family of the nurse who took her own life after getting duped by their prank call. >>> good morning, to you. welcome to "early start." welcome back, mr. berman. >> it is great to be here. i was on vacation for a week. now...
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dear john. >> we have reached an agreement to avoid the fiscal cliff. >> ho, ho, ho. i like the bells, too. let's ring some bells. >> president obama on thursday lit the national christmas tree or as fox news reported it, obama insults israel. >> what are reteaching in south korean schools? >> of course, he sang his gangnam style for his christmas in washington special. >> if you're dancing right now, doing this dance, stop. >> back to the electric slide. >> if brian were three to four feet taller. >> the leg is hard. >> i repeat, zero tax increases. now, why would i do that? i had the leverage. simply put, i felt sorry for this man. >> there are a lot of things that are possible, but none of it is going to be possible if the president insists on his position. >> they've taken by milk and thrown it in the garbage. >> how much juice does boehner have? back in the day you could really twist arms -- >> jumped out and pelted me with eggs, rotten eggs. >> he can be the speaker of a bloc of republicans working with democrats or he can be the speaker of the hard right. >> yo
dear john. >> we have reached an agreement to avoid the fiscal cliff. >> ho, ho, ho. i like the bells, too. let's ring some bells. >> president obama on thursday lit the national christmas tree or as fox news reported it, obama insults israel. >> what are reteaching in south korean schools? >> of course, he sang his gangnam style for his christmas in washington special. >> if you're dancing right now, doing this dance, stop. >> back to the electric...
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business. >>> up next, the fiscal cliff. president obama met again today with house speaker john boehner but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader in this is "hardball," the place for politics. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad i
business. >>> up next, the fiscal cliff. president obama met again today with house speaker john boehner but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader in this is "hardball," the place for politics. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning....
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fiscal cliff, that means awe sisterity. speaker of the house, john boehner said we're still negotiating. he specifically said where is the president on spending cuts, basically threw it back in their court. came off the highs. terms of sectors moving, nice move up in a bunch of groups. semiconductors back, texas instruments had comments, drug index doing well. merck and most of those other big names. sanofi up. delta acquiring a 49% stake in virgin atlantic from singapore, consolidation going on. booking trends have been strong or airlines as well. defense look at this, dfx, historic high. what sequestration worries out there. bottom line, everything on the upside. one sector i want to point out, dollar stores. dollar general came out with an outlook a little below estimates, look, down 7%. all the other ones a downside. they cited tough comps coming up and there are. a challenging environment and a challenging competitive environment. even the dollars stores in a tough competitive environment. >> dollar stores say their ma
fiscal cliff, that means awe sisterity. speaker of the house, john boehner said we're still negotiating. he specifically said where is the president on spending cuts, basically threw it back in their court. came off the highs. terms of sectors moving, nice move up in a bunch of groups. semiconductors back, texas instruments had comments, drug index doing well. merck and most of those other big names. sanofi up. delta acquiring a 49% stake in virgin atlantic from singapore, consolidation going...
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house speaker john boehner and his aides were quietly conducting behind the scenes fiscal cliff talks with the white house. on capitol hill for one day at least, all was pretty quiet. posturing and finger pointing kind of stopped. cnn political reporter shannon travis joins us now live from washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but w
house speaker john boehner and his aides were quietly conducting behind the scenes fiscal cliff talks with the white house. on capitol hill for one day at least, all was pretty quiet. posturing and finger pointing kind of stopped. cnn political reporter shannon travis joins us now live from washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking...
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cliff, and if the framework for an agreement isn't reached by the end of the week, lawmakers could be spending christmas in d.c. tracie potts has those good morning. >>> the president sitting down with john boehner, the staff sitting behind closed door, but today republican members come back to capitol hill and boehner may have a problem. >> all these members are going to come back to town, and they're going to want to play a role in these negotiations. >> the house is back today. that means conservative republicans who insist the wealthy keep this year's tax breaks could put the squeeze on their own party. that's the one thing president obama refuses to bend on. otherwise he says he's flexible. >> i understand, you know, people have a lot of different views. i'm willing to compromise a little bit. >> so are some republicans to save tax breaks for the middle class now and deal with the wealthy later. let's recognize reality, take care of as many people as we possibly can. >> polls show more taxpayers will blame republicans if taxes go up. that's increasing the odds of a year-end deal.
cliff, and if the framework for an agreement isn't reached by the end of the week, lawmakers could be spending christmas in d.c. tracie potts has those good morning. >>> the president sitting down with john boehner, the staff sitting behind closed door, but today republican members come back to capitol hill and boehner may have a problem. >> all these members are going to come back to town, and they're going to want to play a role in these negotiations. >> the house is back...
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. ♪ connell: the speaker of the house john boehner is about to update us on the fiscal cliff talks. pushing the president to come up with some spending cuts. we will have it live as soon as it starts. before that, let's make a little money. charles payne is here. tell us your stock today. charles: they make great cars. the demand is absolutely on fire. the liquefying the commodities, natural gas, i think there will be a lot of money there. as you are worried about this fiscal cliff stuff, this is one of the companies that has done very well in a recessionary. they have managed extraordinarily well. connell: i mentioned a moment ago. again, we are waiting for speaker john boehner. i mentioned a moment ago that the speakership and job is on the line. he will come out, rich erickson was telling us, the missing ingredient is the spending cuts. the president has not been serious. where do you think we are in all of this? charles: this whole thing came about because of the debt ceiling compromise. now it feels like that entire thing has been flip-flopped. connell: i guess you would not ha
. ♪ connell: the speaker of the house john boehner is about to update us on the fiscal cliff talks. pushing the president to come up with some spending cuts. we will have it live as soon as it starts. before that, let's make a little money. charles payne is here. tell us your stock today. charles: they make great cars. the demand is absolutely on fire. the liquefying the commodities, natural gas, i think there will be a lot of money there. as you are worried about this fiscal cliff stuff,...
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the fiscal cliff deal to president obama. let's go right to rich edson for more on this breaking story. rich? >> aides say this is an exchange of partial proposals to try to get the ball moving a little bit after some type of impasse over the last few days. this is basically an offer that the house republicans say they have just sent to the white house but there are still major difference ares here. this is from a boehner spokesperson saying the longer the white house slow-walks this process the closer our economy gets to the fiscal cliff. there is major business lobbyist out there telling us right now the discussions are focusing on process. how do to it. not necessarily substance. so there are no details on what these offers exactly state. they're not even really getting out on capitol hill right now. so we're still watching it to maintain. again you've got the exchange of partial offers at least coming out of the white house and from house republicans but they still remain fairly far apart. melissa: rich, you have been rig
the fiscal cliff deal to president obama. let's go right to rich edson for more on this breaking story. rich? >> aides say this is an exchange of partial proposals to try to get the ball moving a little bit after some type of impasse over the last few days. this is basically an offer that the house republicans say they have just sent to the white house but there are still major difference ares here. this is from a boehner spokesperson saying the longer the white house slow-walks this...
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. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house would not disclose any details of the meeting with the president and the speaker yesterday. both sides confirming communications are open. speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instea
. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house would not disclose...
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. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is needed. christine the guard says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america pause economy growing again. >> there is still the degree of uncertainty. investors, entrepreneurs households, are not making decisions because they do not know what tomorrow will be. >> but washington's top republican leader, house speaker john boehner, complains there has been no progress in avoiding even immediate crisis. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats s
. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is...
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it was a day marked by growing pessimism over congressional leaders over the fiscal cliff. is this meeting a sign progress is quietly being made with both sides? rich edson is at the white house for us. rich. >> good evening, sandra. house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer on the table. republicans called it a joke. house republicans put a offer on the table. white house said it wasn't serious. since then the two sides have not moved that much closer to one another. the white house wants immediate tax increase on families earning more than $250,000 through a tax rate increase. for republicans they want more detailed spendi
it was a day marked by growing pessimism over congressional leaders over the fiscal cliff. is this meeting a sign progress is quietly being made with both sides? rich edson is at the white house for us. rich. >> good evening, sandra. house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house...
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. >>> we're going to turn to the latest on the fiscal cliff. just 26 days before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're starting to see some republicans concede that tax rates on the wealthy, at least, are going to have to go up. the president has another rock-hard bottom line. that's an increase in the u.s. debt limit, as well. >> reporter: that's right. republicans even top republicans, say the tax rates are going to almost certainly go up. but on this question of the debt ceiling, the government reaches the limit of how much money it can borrow in february. republicans say they will exact a price for that. they want spending
. >>> we're going to turn to the latest on the fiscal cliff. just 26 days before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication...
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. >>> this is today's fiscal cliff update. u.s. budget talks have intensified. president obama and house speaker john boehner spoke by phone tuesday. after exchanging new proposals, aides confirm the president gave boehner a revised offer on behind, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports suggest the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. which it hasn't done before. in an interview with abc news, the president says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off, american families will be much better off, f we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1, and i'm confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for h
. >>> this is today's fiscal cliff update. u.s. budget talks have intensified. president obama and house speaker john boehner spoke by phone tuesday. after exchanging new proposals, aides confirm the president gave boehner a revised offer on behind, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports suggest the white house has told republicans it would...
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one critical republic who criticized house speaker john boehner over own party fiscal cliff honor says is he resigning. an important man, too. south carolina senator jim demint a key force behind the tea party movement. the founder of the tea party caucus in the senate and who predicted that the healthcare debate would be president obama's water loo. remember that? earlier this week he argued that speaker boehner's proposal tax hikes would destroy jobs. but senator demind says his resignation has nothing to do with the fiscal cliff. it's because he has accepted a job as president of the conservative think tank the heritage foundation. jim demint served three terms as a u.s. congressman from south carolina before voters first elected him to the senate in 2004. mike emanuel is on capitol hill tonight. it's a big resignation,. >> jim demint says is he leaving the senate, shep he is not leaving the fight. in fact, demint might be able to spend more time on issues he is most passionate about at the heritage foundation. he explained his thinking on "special report" a short time ago. >> i thi
one critical republic who criticized house speaker john boehner over own party fiscal cliff honor says is he resigning. an important man, too. south carolina senator jim demint a key force behind the tea party movement. the founder of the tea party caucus in the senate and who predicted that the healthcare debate would be president obama's water loo. remember that? earlier this week he argued that speaker boehner's proposal tax hikes would destroy jobs. but senator demind says his resignation...
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the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happe
the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started...
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with john, two very interesting situations continuing, drama over the fiscal cliff in d.c. and also this week we have the fed meeting. which is more important to the market? >> eventually it will be the fiscal cliff that is more important to the market, but make no doubt about it, the fed meeting with the announcement wednesday morning and wednesday afternoon is going to continue to support risk assets. you were talking about how the dollar is melting up for the fourth consecutive day. the federal reserve will make a very active effort to continue to support risk assets. whether they're equities or commodities. the metals market had a very positive day, recovering a bit with the damage done last week. risk assets are doing well, but over the fiscal cliff for sure in december. liz: the fed, the fed, the fed. they're not going to do anything, but they might announce some sort of easing that is what we constantly talk about and wonder because that has been the trade. with it had a decent rally, the market up double digits the past year and a half very much in part because of t
with john, two very interesting situations continuing, drama over the fiscal cliff in d.c. and also this week we have the fed meeting. which is more important to the market? >> eventually it will be the fiscal cliff that is more important to the market, but make no doubt about it, the fed meeting with the announcement wednesday morning and wednesday afternoon is going to continue to support risk assets. you were talking about how the dollar is melting up for the fourth consecutive day....
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. >> are we going to go over the fiscal cliff? >> i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect taxes for high-income individuals. >> reporter: the president and house speaker john boehner are at least talking. the president made an offer monday, asking for $1.4 trillion in new taxes over ten years. including raising tax rates on the wealthy. the speaker counter on tuesday. offering $800 billion in new tax revenue, all from closing loopholes and limiting deductions. house republicans say they need more specificity from the president on spending cuts. >> where are the president's spending cuts? the longer the white house walks this process, the closer our economy gets to the fiscal cliff. >> reporter: and the president argues that he outlined spending cuts in his last budget proposal, more than $550 billion worth. they're still on the table. negotiations will continue later today. josh? >> as that cliff looms. jake tapper, thank you for that. >>> meanwhile, calling it a big step,
. >> are we going to go over the fiscal cliff? >> i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect taxes for high-income individuals. >> reporter: the president and house speaker john boehner are at least talking. the president made an offer monday, asking for $1.4 trillion in new taxes over ten years. including raising tax rates on the wealthy. the speaker counter on tuesday. offering $800 billion in new tax revenue, all from...
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speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic. >> republicans continue to refuse to raise tax rates on wealthier families, the official claims a concession would open a pathway to a deal, however republicans and democrats are still hundreds of billions of dollars apart on how large of a tax increase congress should pass and how much spending it should cut. thank you. david: this time their representatives of utility companies saying tax hikes, find out which ones could kill the stocks. find out why would we talk to two of the ceos live from d.c. liz: and look at the two pretty significant and historic surprises that came out of the fed today. rbs securi
speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic....
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dennis: john boehner talking down the president's fiscal cliff plan. are the two sides closer than they're letting on? cheryl: jeff flock was already talking about the action this morning in the oil contract. oil almost $1.86. the not move. it is said day, everyone. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individuize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can dividualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort ind
dennis: john boehner talking down the president's fiscal cliff plan. are the two sides closer than they're letting on? cheryl: jeff flock was already talking about the action this morning in the oil contract. oil almost $1.86. the not move. it is said day, everyone. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an...
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john boehner taking fiscal cliff talks and that is raising hopes among traders. cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to happen with jeff flock covering that story. we're coming up on the top of the hour. stocks every 15 minutes and nicole petallides on the floor of the stock exchange with a nice triple digit gain. nicole: what a gain on wall street. we have three straight weeks of gains to new recent highs. looking at 13,300 on the dow jones industrial, that is good and the s&p 500 calm, holding above the 1400 mark. they were worried when we were breaking down below and we are continuing the trend to the upside. one of the reasons is europe, europe has been a break out and the dollar has been
john boehner taking fiscal cliff talks and that is raising hopes among traders. cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to...
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dennis: president obama pushing the fiscal cliff to the business leaders. cheryl: speaker john boehner is getting an earful saying he is caving. rich edson is in washington with more. >> perhaps folks in washington are thinking maybe these two sides will get down to actually doing sometime soon but they say that is noo happening right now. house speaker john boehner said he's willing to sit down and talk to the president. we asked the white house if they plan on calling the speaker of the house inviting him over for a phone call, the white house hasn't responded to that question. coming down to two objects. >> if all you're relying on his closing exceptions and loopholes. let me amend that. it is not wise to do as a practical matter. >> they will come from guess who. the rich. there are ways to limit the options, close the polls and have them pay more of their money to the federal government without raising tax rates. >> that seems to be the key to this entire fiscal cliff mess. president obama saying the roundtable was struck by ceo's willingness to pay hi
dennis: president obama pushing the fiscal cliff to the business leaders. cheryl: speaker john boehner is getting an earful saying he is caving. rich edson is in washington with more. >> perhaps folks in washington are thinking maybe these two sides will get down to actually doing sometime soon but they say that is noo happening right now. house speaker john boehner said he's willing to sit down and talk to the president. we asked the white house if they plan on calling the speaker of the...
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. >>> we are wrapping up a week where we heard negotiations on avoiding the so-called fiscal cliff were going no where on capitol hill. each side continues to dig in. but even if the president and house speaker john baner are able to reach a deal, there is no guarantee it would pass the lame duck congress. some say they are not sure they could go along with it. and some democrats might balk as well. everybody agrees that something has to be done, but so far no deal. >> first if congress does nothing, every family in america will see their income taxes go up on january 1st. a typical middle class family of four will get a $22 tax hike. that would be bad for families. it would be bad for businesses, and it would drag down our entire economy. >> we must get the national debt under control. tax increases will not solve our $sick teen trillion debt. only economic growth and a reform of entitlement programs will control the debt. >> let's say hello to our political panel. debbie is the former chair of vice president al gore's 2000 campaign in michigan. nice to see you. and chip is a former go
. >>> we are wrapping up a week where we heard negotiations on avoiding the so-called fiscal cliff were going no where on capitol hill. each side continues to dig in. but even if the president and house speaker john baner are able to reach a deal, there is no guarantee it would pass the lame duck congress. some say they are not sure they could go along with it. and some democrats might balk as well. everybody agrees that something has to be done, but so far no deal. >> first if...
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host: we are taking your calls on the fiscal cliff. john is next, from new york, receiving unemployment benefits. caller: my biggest concern right now with the unemployment thing is that i do not have a ged so my biggest problem is attending school in programs while i am trying to get back to work, and nobody in this economy will touch somebody without a high-school diploma. it is hard, because i have worked my whole life and i have three kids to raise. it is hard, because i have to go back to work. something needs to change. i'm a hard-working some of the gun and everyone in my family knows it. i hear everyone talking about how this economy is bad. i'm doing side jobs just to put food on the table. the next as government assistance, and we should not have to be there. host: how will the fiscal cliff negotiations affect you? will you lose benefits? caller: i will lose benefits at the end of december, and i will have to go on county assistance to see what they can do to help, but i would rather go back to work. i started picking work wh
host: we are taking your calls on the fiscal cliff. john is next, from new york, receiving unemployment benefits. caller: my biggest concern right now with the unemployment thing is that i do not have a ged so my biggest problem is attending school in programs while i am trying to get back to work, and nobody in this economy will touch somebody without a high-school diploma. it is hard, because i have worked my whole life and i have three kids to raise. it is hard, because i have to go back to...
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. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect gift for you. tonight, behind the scenes of a christmas classic. and he is our "person of the week" tonight. >> can
. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center...
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dennis: more fiscal cliff rhetoric from house speaker john boehner and president obama. when are they going to get serious? cheryl: look at live pictures of the original backmobile. we will have the designer and a man who will auction this baby off. dennis: look at today's s&p winners and losers. there is no mass-produced human. every human being is unique. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing being. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allowyou to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collectio individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort individualized. this holiday season, give the gift that's magical: the innova
dennis: more fiscal cliff rhetoric from house speaker john boehner and president obama. when are they going to get serious? cheryl: look at live pictures of the original backmobile. we will have the designer and a man who will auction this baby off. dennis: look at today's s&p winners and losers. there is no mass-produced human. every human being is unique. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive...
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white house for a meeting face to face with the president on fiscal cliff issues. that meeting is scheduled to begin at 5:00 eastern time, and apparently they weren't supposed to announce it until 4:00 eastern time. >> somebody leaked it. >> somebody leaked it, and we got word and wall street going with it right now. >> so interesting to see one announcement of a meeting at 5:00 between boehner and the president and this market comes -- comes halfway back. i mean, that's how sensitive this market is. let's get right to eamon jafers. >> we're not getting any details of what is on the agenda for the 5:00 meeting. presumably they will pick up the tail of where they left off on tuesday with the duelling offers, exchange between the white house and the speaker's office. now we'll have to see if somebody is willing to put new specifics on the table and if we can pry that out of the speaker's office or the white house after the meeting. very, very tight-lipped about what's going on behind the scenes. this is an indication in some progress behind the scenes, maria. >> that
white house for a meeting face to face with the president on fiscal cliff issues. that meeting is scheduled to begin at 5:00 eastern time, and apparently they weren't supposed to announce it until 4:00 eastern time. >> somebody leaked it. >> somebody leaked it, and we got word and wall street going with it right now. >> so interesting to see one announcement of a meeting at 5:00 between boehner and the president and this market comes -- comes halfway back. i mean, that's how...
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cliff. the white house saying they don't expect we will. they still hope it can be prevented, but they have to start planning. also, speaker of the house john boehner meeting with small business leaders on capitol hill where he reiterated some of his key points. again, just within the past hour. take a listen. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing arou
cliff. the white house saying they don't expect we will. they still hope it can be prevented, but they have to start planning. also, speaker of the house john boehner meeting with small business leaders on capitol hill where he reiterated some of his key points. again, just within the past hour. take a listen. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses...